Get the app today! Download iPhone App Download Android App

European Shares End April On A High As Sainsbury/Asda Merger Shakes Up Retail

Published on May 1 2018 7:59 AM in Retail tagged: Featured Post / Sainsburys / Merger / Asda / Share Price / Paywall

European Shares End April On A High As Sainsbury/Asda Merger Shakes Up Retail

A multi-billion pound merger between British supermarket Sainsbury's and Asda shook up retail stocks on Monday while European benchmarks ended April with their strongest monthly gains since 2016.

The pan-European STOXX index rose 0.1 percent while Germany's DAX gained 0.3 percent, buoyed by investors' improved risk appetite as  companies delivered strong earnings

The regional benchmark delivered a 3.8 percent gain in April, its strongest month since December 2016, after suffering losses in February and March - testament to renewed investor optimism after a volatility shock in February rattled markets.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Share on Tumblr Share via Email